Lulus Fashion Lounge Q4 2023 GAAP EPS $(0.180) Misses $(0.100) Estimate, Sales $74.959M Beat $73.400M Estimate
Portfolio Pulse from Benzinga Newsdesk
Lulus Fashion Lounge reported Q4 2023 earnings with a GAAP EPS of $(0.180), missing the $(0.100) estimate, but sales of $74.959M exceeded the $73.400M estimate. This represents a 17.59% decrease in sales compared to the same period last year.
March 06, 2024 | 9:08 pm
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NEGATIVE IMPACT
Lulus Fashion Lounge missed EPS estimates but exceeded sales forecasts in Q4 2023, with a significant year-over-year sales decrease.
Missing the EPS estimate by 80% is a significant negative signal that could lead to a short-term decrease in stock price. However, beating sales estimates might provide some buffer. The substantial year-over-year sales decrease further emphasizes the negative outlook.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100